401(k) · DOL Form 5500 · 2024

Verizon Communications Inc. 401(k) Plan

Data updated 2026-08-25

$5.8B
Total assets Very large vs avg
12,658
Participants Very large workforce
100th
Percentile by assets National rank
$454,468
Avg per participant High balance/head
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Official DOL plan name: Verizon Savings & Security Plan for New York and New England Associates · Sponsored by Verizon Communications Inc. · New Jersey · Information & Media

$5.8B in assets, 12,658 participants

Verizon Communications Inc.'s Verizon Savings & Security Plan for New York and New England Associates reported $5.8B in total assets and 12,658 participants in its 2024 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,801 in Information & Media (2,822 peers)

Coverage in New Jersey

Verizon Savings & Security Plan for New York and New England Associates covers 12,658 participants in New Jersey, 15x the typical New Jersey plan (state average ~844 per filing). Assets: $5.8B.

#2,801
in Information & Media (2,822 peers)
+7.4%
assets growth YoY
58×
vs typical plan assets (national mean)

Verizon Savings & Security Plan for New York and New England Associates's outsized position by total assets

Verizon Savings & Security Plan for New York and New England Associates vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$5,752,649,703 Highest reported value at or above every one of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Verizon Savings & Security Plan for New York and New England Associates's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Verizon Savings & Security Plan for New York and New England Associates is a mega filing (12,658 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Verizon Savings & Security Plan for New York and New England Associates end-of-year assets rose from $5.4B in the plan year 2023 filing to $5.8B in the plan year 2024 filing.
  • Verizon Savings & Security Plan for New York and New England Associates reported net income fell from $423M in the plan year 2023 filing to $395M in the plan year 2024 filing.
  • Verizon Savings & Security Plan for New York and New England Associates reported participants fell from 12,824 in the plan year 2023 filing to 12,658 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 232259884 · Verizon Communications Inc. PY 2024 · 401(k)

Verizon Savings & Security Plan for New York and New England Associates · $5.8B · 12,658 · 100th

  • BOOK $5.8B
  • VS-ST 12,658
  • BOY 100th
  • SCH 401(k)
  • EBSA near The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries
  • PART ind #2801

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in New Jersey →

Verizon Savings & Security Plan for New York and New England Associates in the asset neighbourhood

401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc.401(k) Savings and Profit Sh…$5.9BVerizon Savings & Security Plan for New York and New England AssociatesVerizon Savings & Security P…$5.8BThe 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its SubsidiariesThe 401(k) Savings and Profi…$5.7BBloomberg L.P. 401(k) Plan$5.7BMcKesson Corporation 401(k) Retirement Savings PlanMcKesson Corporation 401(k) …$5.7B
End-of-year total assets ($B) among Verizon Savings & Security Plan for New York and New England Associates and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$5.4B
Net Assets (End of Year)$5.8B
Net Income$395M
Employer EIN232259884
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Verizon Communications Inc.)

Sponsor-wide plan assets over time

All Verizon Communications Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$44.6B 0.7959808909153021% vs 2022
2024 filing year
$42B$44B$46B$48B 202220232024 $44.2B $44.6B ▲ +0.8%
Year Plans Participants Total Assets
2022 5 130,329 $44.2B
2023 5 127,663 $47.6B
2024 5 117,006 $44.6B

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Verizon Savings & Security Plan for New York and New England Associates vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 0204060 Total assets ($B) Participants Verizon Savings & Security Plan for New York and New England Associates, Total assets ($B): 5.752649703 · Participants: 12658Verizon Savings & Security Plan for New York and New England AssociatesJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 52.9134575 · Participants: 185532JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 29.376133902 · Participants: 69218Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 23.58476515 · Participants: 42583Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 18.327167732 · Participants: 56714Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 14.970916966 · Participants: 27956Merck US Savings Plan
Verizon Savings & Security Plan for New York and New England Associates vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Verizon Savings & Security Plan for New York and New England Associates side-by-side with 3 peers →

Scale composition for Verizon Savings & Security Plan for New York and New England Associates

Verizon Savings & Security Plan for New York and New England Associates reports $5.8B in end-of-year assets across 12,658 participants (0.047% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $454,468 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2024 was $395M.

This plan identity (EIN 232259884, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.9B to $5.8B (+16.6%) while covered participants moved from 13,933 to 12,658 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 13,933 $4.9B Open filing
2023 12,824 $5.4B Open filing
2024 · index core 12,658 $5.8B This page

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Verizon Savings & Security Plan for New York and New England Associates's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries in NY ($5.7B); by covered participants it is Penske Retirement Savings Plan in PA (12,660 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,658 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Verizon Savings & Security Plan for New York and New England Associates assets move in 2024? ▼
Verizon Savings & Security Plan for New York and New England Associates grew at a solid clip - up 7.4% during 2024, from $5.4B to $5.8B. Reported net income was $395M.
How have Verizon Communications Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Verizon Communications Inc.'s sponsor-wide assets grew 0.8%, from $44.2B to $44.6B.
Where does Verizon Savings & Security Plan for New York and New England Associates rank by assets among Form 5500 filers? ▼
Verizon Savings & Security Plan for New York and New England Associates ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Verizon Savings & Security Plan for New York and New England Associates? ▼
Among 401(k) plans in other states, the closest by assets is The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries in NY ($5.7B, 10,615 participants).
Which 401(k) plans cover a similar participant headcount to Verizon Savings & Security Plan for New York and New England Associates? ▼
Among 401(k) plans in other states, the closest by covered participants is Penske Retirement Savings Plan in PA (12,660 participants, $143M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232259884.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.